WFC, CELG, MU: Jim Cramer's Views

Jim Cramer shares his views every day on RealMoney. Click here for a real-time look at his insights and musings.


Cramer: Why Are These Stocks Doing Well?

Posted at 7:17 p.m. EDT on Thursday, Nov. 17, 2016

Sometimes you just want to keep a list of stocks that act too well. At the top of the list? Celgene (CELG) . This company had a very good quarter with lots of growth but has been stuck in a range forever. Now it is back to its old self, unlike the other major biotechs, and it's been soaring. Just plain bothersome not to know.

Next up? Micron (MU) and Advanced Micro (AMD) ? Both act like they are going to get bids any minute. AMD just did a major refinancing, so it is hard to believe something's going on there. Catch up to Nvidia (NVDA) ? But boy does it act well. Micron's breaking out but there was no real news flow on it that I thought warranted this move.

Or how about Resolute Energy (REN) , which has a big position in the Permian. Why is that stock not quitting? Same with Diamondback Energy (FANG) . How can that one keep roaring?

These are the oddities you keep spotting, stocks that don't come in when they should.

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